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Economy

Bulgaria’s Parliament rejects holding referendum on retaining the lev as the only official currency until 2043

Bulgaria’s National Assembly on July 7, 2023, rejected a proposal to hold a referendum on retaining the lev as the country’s sole official currency up to the year 2043. Most MPs from “We Continue the Change-Democratic Bulgaria” voted against, as well as 14 MPs from...
Bulgaria’s Parliament rejects holding referendum on retaining the lev as the only official currency until 2043
90% of fast loan firms in Bulgaria violate the rights of customers
90% of fast loan firms in Bulgaria violate the rights of customers
90% of the fast loan companies in Bulgaria violate the rights of customers and mislead them with their promotional messages. What should customers look out for in contract clauses and what are...
Where do government, trade unions and employers differ on the draft state budget?
Where do government, trade unions and employers differ on the draft state budget?
The National Council for Tripartite Cooperation ( which includes representatives of the trade unions, employers and the government) supported, but not unanimously, the three draft budgets - the...
Is it possible to adopt the euro as a parallel currency?
Is it possible to adopt the euro as a parallel currency?
The European Central Bank reacted sparingly to the possibility Bulgaria to introduce the euro as a parallel currency before joining the euro area. The finance minister said on June 28 that...
Prices of electricity up by 4.3% and of heating by 0.12% from July 1
The Energy and Water Regulatory Commission (EWRC) set new prices for heating, hot water and electricity from 1 July. Electricity price for...
Bulgaria is in talks for the introduction of the euro as a parallel currency
Bulgaria is in talks with the European Commission (EC) and the European Central Bank (ECB) for the introduction of the euro as a parallel currency...
Bulgaria opens its largest solar power plant near Dupnitsa
Bulgaria will only be able to support coal-fired power plants in Bulgaria for another year and a half. The country has not requested an extension...
Sofia hosts International Conference on Green Transition
The green transition means a complete transformation of society, but not at the expense of the people, President Rumen Radev said at the opening...
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households will rise by 4 - 5% from 1 July due to the inclusion of...
National Statistical Institute reports Gross Domestic Product growth
National Statistical Institute reports Gross Domestic Product growth
In the first quarter of 2023, gross domestic product (GDP) grew by 2.3% compared to the first...
National Statistics: Over 75% of people find it difficult to cover daily expenses
National Statistics: Over 75% of people find it difficult to cover daily expenses
A National Statistical Institute (NSI) survey shows that more than 75% of respondents had...
Bulgaria's central bank: Foreign direct investment up by nearly 10%
Bulgaria's central bank: Foreign direct investment up by nearly 10%
Foreign direct investment grew by nearly 10%, Bulgarian National Bank (BNB) reported for the...
Profit of banks in Bulgaria increased by over 60% in a year
Profit of banks in Bulgaria increased by over 60% in a year
The profit of the banking system in Bulgaria increased by 61.5% to BGN 1 billion in the first...
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
The Energy and Water Regulatory Commission approved the natural gas price for June at BGN...
BGN 70 m wastewater treatment plant starts operating in Plovdiv
BGN 70 m wastewater treatment plant starts operating in Plovdiv
The wastewater treatment plant in Bulgaria’s second largest city of Plovdiv has received...
Central Bank: Bulgaria is on the final stretch on the road to the Eurozone
Central Bank: Bulgaria is on the final stretch on the road to the Eurozone
Bulgaria is on the home straight on the road to the euro area, Iliya Lingorski from the...
Caretaker cabinet proposes to the Parliament to extend the 2022 budget
Caretaker cabinet proposes to the Parliament to extend the 2022 budget
The caretaker Government proposes to the National Assembly, on the basis of Art. 87, para. 1 of...
MoF financial survey: Interest rates on loans will continue to rise
MoF financial survey: Interest rates on loans will continue to rise
Financial intermediaries expect a slight improvement in the assessment of the current economic...
Ministry of Finance: If no new budget or extension after June 10, state can only spend as much as it collects
Ministry of Finance: If no new budget or extension after June 10, state can only spend as much as it collects
If there is no budget adopted for the year or a new extension of last year's budget after June...
Tax authorities included the socialist party in the list of largest debtors
Tax authorities included the socialist party in the list of largest debtors
The National Revenue Agency (NRA) has included the Bulgarian Socialist Party (BSP) in the list...
"Vazrazhdane" demands the resignation of the Central Bank's governor
"Vazrazhdane" demands the resignation of the Central Bank's governor
“Vazrazhdane” party has demanded the resignation of Bulgarian National Bank’s...
Bulgaria's central bank: Technical preparation on the adoption of the euro continues
Bulgaria's central bank: Technical preparation on the adoption of the euro continues
The Bulgarian National Bank (BNB) has no formal justification and has not suspended the...
Is the Bulgarian economy facing a recession?
Is the Bulgarian economy facing a recession?
Bulgaria's gross domestic product grows by 2% a year. This is the slowest annual growth for the...
NSI reports decline in inflation and GDP growth
NSI reports decline in inflation and GDP growth
The quarterly average total income per person in a household in the first quarter of 2023 is BGN...
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